India, July 1 -- Investment asset servicing startup Dovetail Capital has raised Rs.100 Cr (about $10.5 Mn) in its Series A round led by Elev8 Venture Partners. This marks the first institutional funding round for the startup and comprises a mix of primary and secondary transactions.

The fresh capital will be deployed to expand the startup's global business and strengthen its presence across international markets.

Founded in 2017 by Dev Sampat, Mahesh Shekdar and Vivek Singhania, Dovetail Capital is a fintech startup that provides services like fund administration, third-party fund management (TPFM), derivative clearing, investment advisory and compliance checking framework.

Its clients include institutional investors such as foreign po...